About Hyperfine
Hyperfine is a company based in New York (United States) founded in 2014. It operates as a HealthTech, and AI-as-a-Service. The company has 111 employees as of December 31, 2024. Hyperfine offers products and services including Swoop Portable MR Imaging System and Optive AI Software. Hyperfine operates in a competitive market with competitors including Openwater, Promaxo, Genetesis, InkSpace Imaging and MRIguidance, among others.
- Headquarter New York, United States
- Employees 111 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hyperfine, Inc.
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Annual Revenue
$12.89 M16.84as on Dec 31, 2024
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Net Profit
$-40.72 M7.95as on Dec 31, 2024
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EBITDA
$-42.22 M10.3as on Dec 31, 2024
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Latest Funding Round
$3.3 M (USD), Grant
Nov 02, 2021
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Investors
Gates Foundation
& 6 more
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Employee Count
111
as on Dec 31, 2024
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IPO & Listings of Hyperfine
Hyperfine is a publicly listed company on the NASDAQ with ticker symbol HYPR in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hyperfine
Hyperfine offers a comprehensive portfolio of products and services, including Swoop Portable MR Imaging System and Optive AI Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Portable MRI system is used for brain imaging diagnostics.
AI software is utilized for enhancing MRI image clarity.
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Funding Insights of Hyperfine
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $3.3M
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First Round
First Round
(03 Feb 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Grant - Hyperfine | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Hyperfine | Valuation | Google Ventures , Axiom Associates |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hyperfine
Hyperfine has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Gates Foundation, Google Ventures and Axiom Associates. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Axiom Associates is focused on early-stage venture funding.
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Founded Year | Domain | Location | |
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Venture capital is provided to tech startups by Colle Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hyperfine
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hyperfine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hyperfine Comparisons
Competitors of Hyperfine
Hyperfine operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Openwater, Promaxo, Genetesis, InkSpace Imaging and MRIguidance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of imaging technologies for medical diagnosis and treatments
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| domain | founded_year | HQ Location |
Portable MRI for prostate cancer screening is developed.
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| domain | founded_year | HQ Location |
Developer of a medical imaging device for the diagnosis of cardiac conditions
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| domain | founded_year | HQ Location |
Patented customized MRI coils are developed for pediatric applications.
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| domain | founded_year | HQ Location |
An MRI-based platform for bone diagnostics is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hyperfine
Frequently Asked Questions about Hyperfine
When was Hyperfine founded?
Hyperfine was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is Hyperfine located?
Hyperfine is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Hyperfine?
Maria Sainz is the current CEO of Hyperfine.
How many employees does Hyperfine have?
As of Dec 31, 2024, the latest employee count at Hyperfine is 111.
What is the annual revenue of Hyperfine?
Annual revenue of Hyperfine is $12.89M as on Dec 31, 2024.
What does Hyperfine do?
Hyperfine, Inc. is focused on the development and distribution of portable MRI systems for brain imaging. The companys flagship product, the Swoop Portable MR Imaging System, is designed to provide diagnostic-quality imaging at the point of care. It serves various sectors including hospitals, neurology clinics, and pediatrics, offering solutions that enhance accessibility and patient comfort. The technology is supported by AI-driven software to improve image clarity at ultra-low field strengths. Operations are aimed at transforming brain imaging by making MRI accessible in diverse settings worldwide.
Who are the top competitors of Hyperfine?
What products or services does Hyperfine offer?
Hyperfine offers Swoop Portable MR Imaging System and Optive AI Software.
Is Hyperfine publicly traded?
Yes, Hyperfine is publicly traded on NASDAQ under the ticker symbol HYPR.
Who are Hyperfine's investors?
Hyperfine has 7 investors. Key investors include Gates Foundation, Google Ventures, Axiom Associates, Colle Capital, and Altium Capital Management.
What is Hyperfine's ticker symbol?
The ticker symbol of Hyperfine is HYPR on NASDAQ.
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